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Selling / Buying a car overseas....Ideas?

Discussion in 'The Hokey Ass Message Board' started by Baumi, May 29, 2009.

  1. Baumi
    Joined: Jan 28, 2003
    Posts: 3,046

    Baumi
    ALLIANCE MEMBER

    So, to make a long story short:
    I fell in love with a 48 Chevy located in the LA area. I can´t go there in person at the moment cause we are loaded with work in my shop .
    I worked out the shipping methods with a shipper I trust, but what is a good way to pay for a car overseas? I want the seller to get his money safely and without any hooks, but I also woul´dn´t like to find myself without my money and with out a car at th end of the day:)
    I see this is done all the time, but how do you pay, in a safe way? Time is not an issue to me, if that matters..
    Thanks for all the input!!
    Chris
     
  2. phukinartie
    Joined: Oct 8, 2008
    Posts: 965

    phukinartie
    Member

    Maybe set up an escrow account at a bank?
     
  3. Baumi
    Joined: Jan 28, 2003
    Posts: 3,046

    Baumi
    ALLIANCE MEMBER

    Sorry, but what´s an Escrow account? Can I open an account in the USA without being phYsically there? I´m over here in Germany, Munich area right now.
    I know it´s been done before, there must be a good way to do it.
    I´ve heard of money wire transfer, cashiers check, I´d also send the money cash in an envelope if I knew it´d be safe and not lost on the way...
     
  4. ROADSTERJEFF
    Joined: Jan 28, 2008
    Posts: 545

    ROADSTERJEFF
    Member

    Wire transfer is the best. I sold a car to Denmark last year!
     

  5. weemark
    Joined: Sep 1, 2002
    Posts: 830

    weemark
    Member
    from scotland

    an escrow account is an account held by a middle person, say a lawyer, who holds the money until the recieving party is happy he has his goods then the person selling the goods gets paid.

    a good way of sending money is to wire it to the person - wont get lost as long as you have the correct details and it will get there in a day or so.
     
  6. Baumi
    Joined: Jan 28, 2003
    Posts: 3,046

    Baumi
    ALLIANCE MEMBER

    Ok, seems like wire transfer is the way to go. Thanks for your help guys!
     
  7. Hyfire
    Joined: Jun 18, 2004
    Posts: 1,232

    Hyfire
    Member

    I have bought cars that I havent seen in person and have sold a couple to overseas buyers.

    The number one rule is pay quickly and get the car out of there. Its a gamble, but wire transfer is the best way... it is quick and you can confirm when it clears. Checks & Money orders can take up to 15+ days to clear, so they are no good.

    Also, there are tons of hambers in the LA area. I am sure you can find one with a good reputation & long hamb history who will hold onto your car until you are ready to ship. Safer than an unknown seller.... Always makes me nervous to pay for a car and have the seller hold onto it for a lenght of time.

    Hyfire
     
  8. plan9
    Joined: Jun 3, 2003
    Posts: 4,078

    plan9
    Member


    Hyfire is correct, there are quite a few LA folks here, i have helped people in the past, give a hollar if you need assistance.
    also i live in Long Beach... within 10-15min of shipping companies.:D

    good luck!
     
  9. Kopper Kaballero
    Joined: Apr 28, 2009
    Posts: 27

    Kopper Kaballero
    Member
    from Tracy,CA

    If Baumi is speaking of my car , the car itself is in Tracy,CA 209 area.
     
  10. oilslinger53
    Joined: Apr 17, 2007
    Posts: 2,500

    oilslinger53
    Member
    from covina CA

    Wire transfer. My dad sold a 69' 912 back t germany a few years ago and that's how he did it. Had no problems.
     
  11. dante81_98
    Joined: Sep 26, 2005
    Posts: 504

    dante81_98
    Member
    1. A-D Truckers

    I have always wondered how you would go about selling a car overseas. I know some buddies used to build and sell to England and Japan all the time, but those connections have dried up. So does anyone have any connections to brokers or something like that that work overseas?
     
  12. oilslinger53
    Joined: Apr 17, 2007
    Posts: 2,500

    oilslinger53
    Member
    from covina CA

    A broker is a waste of your money. When we have done it the buyer was to arrange all shipping, and wire us the money. Soon as we had solid cash from the western union office in hand, we give the buyer a certain amount of time to have the car picked up, only after hearing stories about selling a car and then having it sit for months or years when the buyer fails or neglects to have it picked up.

     
  13. Check with ChevyRoxiegirl, she does this all the time, I understand.
     
  14. The37Kid
    Joined: Apr 30, 2004
    Posts: 30,778

    The37Kid
    Member

    Chris, I've sold one car and a motorcycle engine to someone in Europe, and both deals went off just fine. Funds were wired to my bank and the car was picked up by a company the buyer arranged for. The engine I delivered to a broker for shipment. These deals go on every day of the year, no big deal. As long as the seller is ok with the deal I can't see a problem. I personally enjoy selling stuff out of the country,if our stuff impresses you and you want it, that makes for two happy people.
     
  15. James427
    Joined: Apr 27, 2008
    Posts: 1,740

    James427
    BANNED

    I've sold cars to Europe, South America, Austrailia and Mexico. Wire transfer is the most secure method in my book because most sellers are not going to take any "paper" payment from overseas. Too many bad checks, money orders and other scams. Also, you have to show some serious ID to get a bank account established here in the US these days. So, if someone was going to screw you over they really would not want you to be able to ID them that clearly OR have federal fraud charges by using a bank.
     
  16. Baumi
    Joined: Jan 28, 2003
    Posts: 3,046

    Baumi
    ALLIANCE MEMBER

    Hi Robert! Yeah, it´s about your car:)
     
  17. Kopper Kaballero
    Joined: Apr 28, 2009
    Posts: 27

    Kopper Kaballero
    Member
    from Tracy,CA

    If we get that far and you need a voucher that Im an actual person and not a 'ghost burner' Im sure I can dig up a few people on the HAMB that have met me before in person.Im just not on here enough to know all the user names.
    A handful of Los Boulevardos know me thru cyber land.
    J Ward I losely know from my music store days in Berkeley and a few car shows.Ted from Salinas?? Bill Schnieder from Benecia if he still posts up on here.Rob Fortier did the shoot on my Tbird for Custom Rodder,a few of the Swanx Ive met at shows thru Bill Schnieder... so I can be traced.
    Peace,
    Robert
     
  18. beaulieu
    Joined: Mar 24, 2007
    Posts: 362

    beaulieu
    Member
    from So Cal

    Tracy is 325-350 miles from Long Beach , is someone driving it down for you ?

    Beaulieu
     
  19. You can always ship from Oakland, theres a company there called Alladin Freight that I've shipped cars & bikes with to Europe.
     
  20. Prostreet32
    Joined: Jun 17, 2009
    Posts: 145

    Prostreet32
    Member
    from Indy

    I have bought and sold cars for clients over the last 15 years. Sidney Austrailia, was the last venture. Wire transfers are by far the best, easiest, safest way to transfer money. Be aware of the transfer rates, and dollar values as the American dollar has depreciated dramaticly over the years. I typically use Passport Transport for shipping around the US. as they are insured and bonded, then put them in containers at the ports for overseas shipments (by Boat), it took 31 days from Los Angeles,CA. to Sydney Austrailia.
     
  21. Prostreet32
    Joined: Jun 17, 2009
    Posts: 145

    Prostreet32
    Member
    from Indy

    I have taken credit cards over the phone previously, and not had any problem,
    ( but friends have told me they have had problems with there clients canceling the credit card purchase up to 45-days after the deal was made). I guess I have been very fortunate that once the card is batch settled on my machine, and funds are positively credited, it has been fine. ( then I have never had any problems).
    Most I know in the business swear by wire transfers, and our company policy "NOW"
    is only wire-transfers because there is no room for error, default, or problems.
     
  22. Prostreet32
    Joined: Jun 17, 2009
    Posts: 145

    Prostreet32
    Member
    from Indy

    The international market place is tremendously strong. The Dollar is weak to most other currencies, due to our recession, so beware of the values in US. Dollars.
    Best wishes with your endevors.
     
  23. Ford Aluminum Speedster
    Joined: Nov 12, 2010
    Posts: 18

    Ford Aluminum Speedster
    Member
    from Miami

    Du kannst mich mal anmailen: [email protected]
    Ich bin in Oberschleissheim und kann Dir da wahrscheinlich helfen.
    Gruss, claus
     
  24. Ford Aluminum Speedster
    Joined: Nov 12, 2010
    Posts: 18

    Ford Aluminum Speedster
    Member
    from Miami

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